Pharmaceutical Logistics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Pharmaceutical products are life-saving products that should be delivered on time. It is very important to have a good supply chain for the pharmaceutical product. It consists of all the partners involved in the drug manufacturing and distribution process, starting from raw materials and ending with patients. Pharmaceutical logistics is one of the most important stages of the operations for any pharmaceutical business as the activities are highly time-sensitive. It is very critical for providing the right medicine to the right patient at the right time, place, and dosage and most importantly at the right price.

MARKET SCOPE

The "Global Pharmaceutical Logistics Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Pharmaceutical Logistics market with detailed market segmentation by drug class and distribution channel. The report provides key statistics on the market status of the leading Pharmaceutical Logistics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on components the market is segmented as, storage, transportation, and monitoring components.
•   Based on type the market is segmented as, cold chain logistics, and non-cold chain logistics.
•   Based on procedure the market is segmented as, picking, storage, retrieval system, and handling systems.
•   Based on application the market is segmented as, biopharma, chemical, pharma, and specialty pharma.
•   Based on transportation the market is segmented as, sea freight, air freight, and overland.

MARKET DYNAMICS

Drivers:

•   Rising prevalence of acute, chronic, and other disorders.
•   Spread of chronic disease worldwide.
•   Rising need for pharmaceutical products due to increase in medication.
•   Extensive R&D efforts by pharmaceutical companies to develop new drug entities.
•   Well-developed supply chain and logistic system.
•   Presence of a strong pipeline of drugs under trial is expected to spur market growth during the forecast period.

Restraints:

•   Whereas, high cost of medical treatment is expected to restrain market growth during the forecast period.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Pharmaceutical Logistics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the Pharmaceutical Logistics market in these regions.

IMPACT OF COVID-19 ON PHARMACEUTICAL LOGISTICS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the Pharmaceutical Logistics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Pharmaceutical Logistics market are anticipated to lucrative growth opportunities in the future with the rising demand for Pharmaceutical Logistics in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Pharmaceutical Logistics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Agility Logistics
•   Air Canada
•   Ceva Logistics
•   Db Schenker
•   Deutsche Post Ag
•   Fedex Corporation
•   Life Conex Llc
•   Marken
•   United Parcel Service Of America Inc.
•   Versa Cold Logistics Services

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Pharmaceutical Logistics Report Scope